question framed has described the provision made for doubtful debts as unascertained liability. The question is referred with a preconceived notion that the provision ... liability, much less than the ascertained liability as by no stretch of imagination, it can be said that there is any liability on an assessee
that provision for Director‟s Retirement Benefit was a
provision for unascertained liability not supported by any evidence
and therefore, deduction for the same
Minimum Alternate Transaction (MAT) treated
the provisions for doubtful debts as unascertained liability of the assessee and
accordingly made the addition to the book profit ... been established that the provision of doubtful debts represents the
unascertained liability then the same cannot be allowed as deduction under
the normal computation
fact that the said provision is in the nature of
unascertained liability only and needed to be added back
to the total income as well ... 2017
The provision of warranty is not a provision for
meeting unascertained liability within the meaning of
clause (c) of Explanation I to section 115JB
question framed has described the provision made for doubtful debts as unascertained liability. The question is referred with a pre-conceived notion that the provision ... liability, much less than the ascertained liability as by no stretch of imagination, it can be said that there is any liability on an assessee
certain future liability, which can be ascertained with substantial accuracy, is an accrued liability. If such known liability cannot be ascertained and can only ... fact that the liability has not been allowed Under Section 43B , does not change the character of the liability which was unascertainable
holding that the loss arising from foreign exchange
fluctuation is an unascertained liability that has to be added back to
the book profit ... same was an 'unascertained
liability' for the purposes of computation of book profit under Section 115JA .
Accordingly, the amount was treated
holding that the loss arising from foreign exchange
fluctuation is an unascertained liability that has to be added back to
the book profit ... same was an 'unascertained
liability' for the purposes of computation of book profit under Section 115JA .
Accordingly,
http://www.judis
invoking provisions of section 37
by assuming the same as unascertained liability. The action of
Ld. AO is incorrect, illegal and without appreciating the facts ... Maharashtra which was according to
the Assessing Officer was an unascertained liability and the case
was reopened
freight through single
point mooring on the ground that it is unascertained liability and the
assessee itself while computing the book profit u/s. 115JB ... considered this amount for disallowance being unascertained
liability. The assessee has explained that the expenditure has been
incurred towards getting a study done for optimizing
